Electronic Cigarette Market is accounted for $9.39 billion in 2017 and is expected to reach $58.32 billion by 2026 growing at a CAGR of 22.5% during the forecast period. Growing awareness towards harmful effects of smoking traditional cigarettes are few of factor fuelling the market growth. However, lack of information provided by the manufacturers regarding safety, use, and maintenance of devices are restricting the market growth.
E-cigarettes are devices that operate by heating a liquid solution to a high enough temperature so that it produces an aerosol that is inhaled. Solutions, sometimes called e-liquids, typically include nicotine, flavoring and a humectant, such as propylene glycol, to retain moisture and create an aerosol when heated. Many of the flavorings and humectants used in e-liquids have been approved by the Food and Drug Administration for oral consumption, but not for inhalation, due to the lack of research regarding the safety of these compounds when inhaled.
Based on distribution channel, online channels segment is having a huge demand, owing to the increasing adoption of e-commerce. By Geography, Europe is estimated to have a lucrative growth in emerging countries such as U.K., France, and Russian markets due to increasing seven traditional cigarette smokers classify themselves as current e-cigarette smokers.
Some of the key players profiled in the Electronic Cigarette market include Philip Morris International, Healthier Choices Management Corp, MCIG Inc., ITC Limited, Altria Group Inc., British American Tobacco plc, Japan Tobacco, Inc., J WELL France, Imperial Tobacco Group, Nicotek Llc, Njoy Inc., International Vapor Group, Reynolds American Inc and Vmr Flavours Llc.
Products Covered in this Electronic Cigarette Market are:
• Cig-A-Like
• Completely Disposable Model
• Modular
• Next-Generation
• Personalized Vaporizer
• Rechargeable
• Rechargeable but Disposable Cartomizer
• T-Vapor
• Vape Mod
• Vaporizer
Aftermarkets Covered in this Electronic Cigarette Market are:
• Battery & Charger
• Refill
• Other Aftermarkets
Distribution Channels Covered in this Electronic Cigarette Market are:
• Online
• Specialist E-Cig Shops
• Supermarkets and Hypermarkets
• Tobacconist
• Vape Shops
• Other Distribution Channels
Age-Groups Covered in this Electronic Cigarette Market are:
• 16-24
• 25-34
• 35-44
• 45-54
• 55-65
• 65+
Battery Modes Covered in this Electronic Cigarette Market are:
• Automatic E-Cigarette
• Manual E-Cigarette
Genders Covered in this Electronic Cigarette Market are:
• Female
• Male
Regions Covered in this Electronic Cigarette Market are:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Tables of Content
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electronic Cigarette Market, By Product
5.1 Introduction
5.2 Cig-A-Like
5.2.1 Disposable
5.2.2 Rechargeable
5.3 Completely Disposable Model
5.4 Modular
5.5 Next-Generation
5.6 Personalized Vaporizer
5.7 Rechargeable
5.8 Rechargeable but Disposable Cartomizer
5.9 T-Vapor
5.9.1 Heat-Not-Burn
5.9.2 Infused
5.10 Vape Mod
5.11 Vaporizer
5.11.1 Open Tank
5.11.2 Closed System
6 Global Electronic Cigarette Market, By Aftermarket
6.1 Introduction
6.2 Battery & Charger
6.3 Refill
6.3.1 Flavor
6.3.1.1 Bakery/dessert
6.3.1.2 Beverage
6.3.1.3 Botanical
6.3.1.4 Candy
6.3.1.5 Fruit
6.3.1.6 Menthol
6.3.1.7 Menthol tobacco
6.3.1.8 Savory/spice
6.3.1.9 Sweet
6.3.1.10 Tobacco
6.3.1.11 Other Flavors
6.3.2 Liquid Type
6.3.2.1 Nicotine
6.3.2.2 Non-Nicotine
6.4 Other Aftermarkets
7 Global Electronic Cigarette Market, By Distribution Channel
7.1 Introduction
7.2 Online
7.3 Specialist E-Cig Shops
7.4 Supermarkets and Hypermarkets
7.5 Tobacconist
7.6 Vape Shops
7.7 Other Distribution Channels
8 Global Electronic Cigarette Market, By Age-Group
8.1 Introduction
8.2 16-24
8.3 25-34
8.4 35-44
8.5 45-54
8.6 55-65
8.7 65+
9 Global Electronic Cigarette Market, By Battery Mode
9.1 Introduction
9.2 Automatic E-Cigarette
9.3 Manual E-Cigarette
10 Global Electronic Cigarette Market, By Gender
10.1 Introduction
10.2 Female
10.3 Male
11 Global Electronic Cigarette Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Philip Morris International
13.2 Healthier Choices Management Corp
13.3 MCIG Inc.
13.4 ITC Limited
13.5 Altria Group Inc.
13.6 British American Tobacco plc
13.7 Japan Tobacco, Inc.
13.8 J WELL France
13.9 Imperial Tobacco Group
13.10 Nicotek Llc, Njoy Inc.
13.11 International Vapor Group
13.12 Reynolds American Inc.
13.13 Vmr Flavours Llc.
List of Tables
1 Global Electronic Cigarette Market Outlook, By Region (2016-2026) ($MN)
2 Global Electronic Cigarette Market Outlook, By Product (2016-2026) ($MN)
3 Global Electronic Cigarette Market Outlook, By Cig-A-Like (2016-2026) ($MN)
4 Global Electronic Cigarette Market Outlook, By Disposable (2016-2026) ($MN)
5 Global Electronic Cigarette Market Outlook, By Rechargeable (2016-2026) ($MN)
6 Global Electronic Cigarette Market Outlook, By Completely Disposable Model (2016-2026) ($MN)
7 Global Electronic Cigarette Market Outlook, By Modular (2016-2026) ($MN)
8 Global Electronic Cigarette Market Outlook, By Next-Generation (2016-2026) ($MN)
9 Global Electronic Cigarette Market Outlook, By Personalized Vaporizer (2016-2026) ($MN)
10 Global Electronic Cigarette Market Outlook, By Rechargeable (2016-2026) ($MN)
11 Global Electronic Cigarette Market Outlook, By Rechargeable but Disposable Cartomizer (2016-2026) ($MN)
12 Global Electronic Cigarette Market Outlook, By T-Vapor (2016-2026) ($MN)
13 Global Electronic Cigarette Market Outlook, By Heat-Not-Burn (2016-2026) ($MN)
14 Global Electronic Cigarette Market Outlook, By Infused (2016-2026) ($MN)
15 Global Electronic Cigarette Market Outlook, By Vape Mod (2016-2026) ($MN)
16 Global Electronic Cigarette Market Outlook, By Vaporizer (2016-2026) ($MN)
17 Global Electronic Cigarette Market Outlook, By Open Tank (2016-2026) ($MN)
18 Global Electronic Cigarette Market Outlook, By Closed System (2016-2026) ($MN)
19 Global Electronic Cigarette Market Outlook, By Aftermarket (2016-2026) ($MN)
20 Global Electronic Cigarette Market Outlook, By Battery & Charger (2016-2026) ($MN)
21 Global Electronic Cigarette Market Outlook, By Refill (2016-2026) ($MN)
22 Global Electronic Cigarette Market Outlook, By Flavor (2016-2026) ($MN)
23 Global Electronic Cigarette Market Outlook, By Liquid Type (2016-2026) ($MN)
24 Global Electronic Cigarette Market Outlook, By Other Aftermarkets (2016-2026) ($MN)
25 Global Electronic Cigarette Market Outlook, By Distribution Channel (2016-2026) ($MN)
26 Global Electronic Cigarette Market Outlook, By Online (2016-2026) ($MN)
27 Global Electronic Cigarette Market Outlook, By Specialist E-Cig Shops (2016-2026) ($MN)
28 Global Electronic Cigarette Market Outlook, By Supermarkets and Hypermarkets (2016-2026) ($MN)
29 Global Electronic Cigarette Market Outlook, By Tobacconist (2016-2026) ($MN)
30 Global Electronic Cigarette Market Outlook, By Vape Shops (2016-2026) ($MN)
31 Global Electronic Cigarette Market Outlook, By Other Distribution Channels (2016-2026) ($MN)
32 Global Electronic Cigarette Market Outlook, By Age-Group (2016-2026) ($MN)
33 Global Electronic Cigarette Market Outlook, By 16-24 (2016-2026) ($MN)
34 Global Electronic Cigarette Market Outlook, By 25-34 (2016-2026) ($MN)
35 Global Electronic Cigarette Market Outlook, By 35-44 (2016-2026) ($MN)
36 Global Electronic Cigarette Market Outlook, By 45-54 (2016-2026) ($MN)
37 Global Electronic Cigarette Market Outlook, By 55-65 (2016-2026) ($MN)
38 Global Electronic Cigarette Market Outlook, By 65+ (2016-2026) ($MN)
39 Global Electronic Cigarette Market Outlook, By Battery Mode (2016-2026) ($MN)
40 Global Electronic Cigarette Market Outlook, By Automatic E-Cigarette (2016-2026) ($MN)
41 Global Electronic Cigarette Market Outlook, By Manual E-Cigarette (2016-2026) ($MN)
42 Global Electronic Cigarette Market Outlook, By Gender (2016-2026) ($MN)
43 Global Electronic Cigarette Market Outlook, By Female (2016-2026) ($MN)
44 Global Electronic Cigarette Market Outlook, By Male (2016-2026) ($MN)
NOTE: The tables for North America, Europe, APAC, Middle East, Latin America, and Rest of the World Regions are also represented in the same manner as above.
Research Methodology
It is a well-organized procedure to carry out research. We at Market Growth Insight follow global, all-inclusive & iterative research methodology to develop our research reports. We are using both the top down as well as bottom-up approaches for partitioning and evaluating the significant aspects of the market.
It is a systematic & strategic approach for conducting a market study. Our market research methodology is based on the concept that gives a detailed description of the factors behind an observation. Let us see the detailed market research methodology.
Primary Data Research
It is the very basic stage of research the raw data is obtained and collected on a boarded front.Data is constantly filtered to ensure that only validated and authenticated sources are considered. Moreover,information is also mined from a large group of reports in our vault, as well as various reputed paid databases. It is necessary to understand the entire value chain and in order to facilitate this; we gather information from raw material suppliers, distributors as well as buyers, for extensive knowledge of the market.
The technical issues and trends are acquired from reviews, technical discussion and trade journals. Moreover, the technical data is also accumulated from intellectual property prospective, focusing on a void area and freedom of movement. The industry elements regarding drivers, restraints, pricing trends are also collected. Subsequently, the material developed contains a wide range of original and unique information that is then further cross-validated and authenticated with published sources.
Statistical Model
Simulation models are responsible to estimate and forecast our market, and for each research, a unique model is created and customized. The data accumulated for market dynamics, innovation scene, application improvement, estimating trends is delivered into the model and analyzedsimultaneously. These components are examined on a comparative basis, and their impact on the figure of the frame is measured with the assistance of correlation, regression and time series investigation. Forecasting of the market is performed through the consolidation of economic tools, innovative examination, and industry experience along with domain expertise. Generally, economic models are utilized for short-termforecasting, technological market models are used for long-term forecasting of a market. These are based on an amalgamation of technology innovation, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to the market estimation is preferred, with key regional markets analyzed as separate entities and integration of information to get a worldwide evaluation. This is very critical for a deep knowledge of the business as well as ensuring negligible mistakes. Below mentioned are some of the parameters are considered for forecasting
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory situation and expected developments
Current capacity and expected capacity additions up to 2025
Market driving organizations
The key targets of essential research are as per the following
To approve our information as far as exactness and adequacy
To pick up an understanding of the present market and future desires
We dole out weights to these parameters and evaluate their market effect utilizing weighted normal examination, to infer a normal market development rate.
This is the last advance in assessing and anticipating for our reports. Thorough essential meetings are led, on up close and personal and additionally via telephone to approve our discoveries and suppositions used to get them. Interviewees are drawn closer from driving organizations over the esteem chain including providers, innovation suppliers, area specialists,and purchasers in order to guarantee an all-encompassing and fair photo of the market. Essential meetings help in information approval, as well as give basic bits of knowledge into the market, current business situation and future desires and upgrade the nature of our reports. Every one of our assessments and figure is checked through comprehensive essential research with Key Industry Participants (KIPs) which ordinarily include:
Preliminary Investigation
This is the closing phase in estimating and forecasting for our reports. In this stage face to face and telephonic exhaustive interviews are conducted to validate our conclusion and assumptions used to obtain the final data. The leading companies across the value chain including suppliers, technology providers, domain experts,and purchasers are approaching the interviewees to ensure a holistic and unbiased view of the market. These interviews are led over the world, with language boundaries defeat with the guide of local staff and translators. Primary interviews in information validation as well as give critical insights into the market, current business outline and future expectations upgrade the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants include
Leading market organizations
The key targets of primary research are as per the following:
To validate our data as far as exactness and adequacy
To pick up an understanding into the present market and future desires
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